如果出OT2，为什么股市会大涨？

mayoutu

悬赏100胡币，哪位给解释一下。

如果这么好用，那为啥09年3月不直接搞OT2，OT3，把所有国债全买了，直接低于CD rate，不就得了？

还可以再凭空多发几百万亿国债，自己买，自己吃利息，然后用利息把中、短期国债都买了，哇塞，美国没赤字了！多好！

oldpigwang

Market expects Operation Twist in September
Operation Twist would take some fancy footwork, Jersey said, with the New York Fed likely having to hold two auctions in a single day.

The Fed would first sell shorter-dated securities and would then hold a second auction to buy bonds of longer maturities from primary dealers. Both auctions would settle the following day.

While it would lower rates at the back end of the yield curve, Operation Twist could also nudge front-end rates higher, possibly to the benefit of money market funds scrambling for ultra-safe securities with a yield above zero.

"The way we looked at it, it looks like they could sell something like $265 billion -- everything they hold through June 30, 2013 -- and that could be absorbed with very modest rate movement," said Thomas Simons, money market economist at Jefferies & Co in New York.

"It might push rates a few basis points higher" in shorter-dated Treasuries, he added.

Goldman's Hatzius said such an operation would ultimately remove so much longer-dated debt from the market, its effect would be almost as big as the Fed's last major easing program.

Referred to by many as QE2, the Fed bought $600 billion in Treasuries. Quantitative easing has been considered an effective monetary policy tool when interest rates are near zero.

"This type of operation would be the equivalent of 80-90 percent of QE2 in terms of duration risk removed from the market," Hatzius said.

shoujie

xiamao

K， 股市就是个爆米花机， 一次只能爆那么多，  FED 把钱投进去， 爆出来更大的股市市值， QE１ QE２  OT２， 多爆几次，华尔街及美国人就又富的流油了，  

熊熊来踢场子让他收摊不爆了， 这不是砸大美帝国的金饭碗吗？

oldpigwang

200胡币!